Shaun Riney and Seth Glasser sit down with Leo Jacobs, a nationally recognized restructuring and business litigation attorney. Leo breaks down what the landmark Pinnacle portfolio bankruptcy auction really means for rent-regulated assets and the broader market.

Drawing on his deep experience mediating between borrowers and lenders, Leo explains why bankruptcy isn’t a dirty word—it’s a strategic tool to right-size debt, buy time, and reset capital stacks when traditional negotiating fails. He digs into:

• Why the Mamdani administration’s attempt to condition the Pinnacle sale around repairs was unlikely under federal law
• How lenders and owners rethink leverage when values fall and debt overwhelms assets
• The psychological and tactical realities of navigating distress, including when to restructure, when to walk away, and how to work with lenders during volatile markets

This episode gives investors and operators a grounded look at the changing landscape of multifamily distress and how to make sense of it with clarity and strategy.

Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily

https://www.newyorkmultifamily.com

Reach out to us at: seth.glasser@marcusmillichap.com

Shaun Riney and Seth Glasser are joined by George Fontas and Frank Ricci of Fontas Advisors. The discussion covers the political landscape impacting the real estate industry, focusing on the controversial COPA bill, the Pinnacle bankruptcy sale, and the evolving state of housing policy under the Mamdani administration.

George and Frank provide insights into the collective efforts by the real estate industry to navigate these challenges, the role of the NYC City Council, and the broader implications of government interventions on property ownership. They also touch on upcoming issues such as the Rent Guidelines Board, potential lawsuits, and the financial challenges facing property owners. The conversation concludes with advice for property owners on managing their portfolios amidst these changing dynamics.

Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily

https://www.newyorkmultifamily.com

Reach out to us at: seth.glasser@marcusmillichap.com

Seth Glasser sits down with Mike DiFonzo, President of Central Construction Management, one of New York City’s leading façade restoration and building-envelope contractors. Mike shares what goes into maintaining and restoring the exterior of pre-war and mid-rise buildings, how owners navigate the city’s inspection and compliance cycles, and why so many projects end up taking longer (and costing more) than people expect.

The conversation touches on all things façades, roofs, garages, parapets, and scaffolding, including how the regulations governing them get decided and the role people like Mike play in that process. This episode offers an inside look at a part of the NYC multifamily world that most owners only think about when something goes wrong.

Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily

https://www.newyorkmultifamily.com

Reach out to us at: seth.glasser@marcusmillichap.com

Shaun Riney and Seth Glasser are joined by Rob Johnson, Senior Attorney at the Institute For Justice, a national nonprofit law firm focused on defending property rights and advancing constitutional law through strategic litigation. Rob is the lead attorney representing Small Property Owners of New York in their case against the State of New York, challenging draconian regulations on rent-stabilized apartments and pushing for a rent reset on vacant units.

Currently there are 50,000 vacant rent stabilized apartments being warehoused because it is economically unviable to fix and re-rent the units at the current stabilized rates. The discussion highlights the real-world effect this has on small property owners, housing supply, and prospective tenants.

Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily

https://www.newyorkmultifamily.com

Reach out to us at: seth.glasser@marcusmillichap.com

Joe Koicim, Seth Glasser, Mike Salvatico, Dan Greenblatt and Mike Fusco break down what’s actually happening on the ground right now in New York City's multifamily market. The team covers recent sales, active listings, and the types of opportunities that are catching the attention of buyers—from high-cap, low-basis stabilized buildings in the Bronx and Upper Manhattan to core and core-plus trades south of 96th Street and prime free-market and development plays in Brooklyn.

The discussion also tackles the policy landscape, including the impact of COPA, how developers are reacting to Mamdani’s agenda, and why the new vacancy-reset lawsuit may be the most meaningful challenge to HSTPA in years.

Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily

https://www.newyorkmultifamily.com

Reach out to us at: seth.glasser@marcusmillichap.com

Seth Glasser sits down with Isaac Weinberger of Madison Specs to break down cost segregation and bonus depreciation in simple terms for real estate investors.

Isaac explains what a cost seg study actually is, how engineers reclassify parts of a building to accelerate depreciation, and why this can mean huge upfront tax savings for owners of multifamily, triple-net, and other investment properties. Seth and Isaac talk through real numbers, when a study doesn’t make sense, and how the “Big Beautiful Bill” brought bonus back.

Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily

https://www.newyorkmultifamily.com

Reach out to us at: seth.glasser@marcusmillichap.com

Seth Glasser moderates a post-election briefing on what New York’s mayoral and City Council results could mean for property owners, landlords, and developers across the city. He is joined by Craig Gambardella and Olga Someras from Kucker Marino Winiarsky & Bittens, as well as George Fontas and Frank Ricci from Fontas Advisors.

The panel of legal, policy, and market experts explain how the election results may influence:

- Upcoming changes to housing and rent regulation policies
- Property tax structures and class-share allocations
- Development opportunities, enforcement trends, and compliance requirements
- Strategic planning for property owners, operators, and investors
- COPA Bill being negotiated with city council

Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily

https://www.newyorkmultifamily.com

Reach out to us at: seth.glasser@marcusmillichap.com

Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily

https://www.newyorkmultifamily.com

Reach out to us at: seth.glasser@marcusmillichap.com

Joe Koicim and Shaun Riney are joined by Louis Adler and Robert Rahmanian from REAL New York, a full-service real estate brokerage firm. They break down the 2025 rental season, neighborhood by neighborhood—where rents are still climbing and where they’ve plateaued. Lou and Rob share insights into renewal rates, tenant behavior, and how legislation like the FARE Act and 2019 Rent Laws have reshaped the market.

The conversation covers the shift from share apartments to higher-quality product, the “flight to quality” trend in new developments, and how free market rents are hitting new peaks despite affordability pressures. They also discuss landlord strategies in today’s environment, from amenities and renovations to managing turnover, storage, and tenant screening.

Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily

https://www.newyorkmultifamily.com

Reach out to us at: seth.glasser@marcusmillichap.com

Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily

https://www.newyorkmultifamily.com

Reach out to us at: seth.glasser@marcusmillichap.com